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Semiconductor Shortage: Where Jim Cramer Sees a Solution

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Ford  (F) - Get Ford Motor Company Report will extend downtime at several North American factories amid the worldwide semiconductor shortage that has hampered auto production and threatened global supply chains.

The automaker's plants in Chicago, suburban Detroit and Kansas City, Mo., will be idled the weeks of May 3 and May 10. An SUV plant in Ontario will also take an extra week of downtime in early May.

"Ford's North American plants continue to be affected by the global semiconductor shortage - along with automakers and other industries around the world," John Savona, Ford's vice president of manufacturing and labor affairs, wrote in a memo to employees that was obtained by The Detroit News. "As you build every vehicle you can for our dealers and customers, our teams behind the scenes are working hard to source additional parts."

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